In the textbook model of endogenous growth, long-run output growth would decline if there were either a ________ in the saving rate or a ________ in the depreciation rate
A) rise; rise
B) rise; fall
C) fall; rise
D) fall; fall
C
You might also like to view...
A firm in a competitive labor market will hire labor until the value of marginal product of labor equals the
A) firm's marginal revenue. B) firm's marginal cost. C) firm's average cost. D) wage rate.
Refer to Figure 5-7. What is the incremental benefit of increasing the quantity of pollution reduction from QB to QE units?
A) the value of the area BEF B) PE × QE C) the value of the area QBBFQE D) PE
What most frightens investors in the stock market is:
a. the possibility of losing their investments b. the possibility of gaining too much from their investments, and the resultant tax consequences c. the possibility that the prices of many investments may collapse simultaneously d. the possibility that a company that they have invested in will go bankrupt
Which of the following would not be included in aggregate demand?
a. an increase in firms' inventories. b. purchases of goods by households. c. firms' purchases of newly produced machinery. d. government's tax collections.